Should You Buy or Should You Build a Storage Facility? (Key Factors to Consider)
What’s going on everybody!? Welcome back to the Self Storage Income Podcast, I’m your host, AJ Osborne!
I have to say, I get asked a ton of questions about self storage and self storage investing as a whole. But one of the most popular questions I get, especially right now is, “do I buy a storage facility, or do I build a storage facility?”
The answer? YES! If your numbers work for you to just buy an already existing facility, and building doesn’t make sense, then you buy existing. If your numbers work better to build than to acquire an existing storage facility, then build!
I know the answer doesn’t seem this simple, and yes, there are absolutely factors that we look at to gauge whether or not we want to buy or build a storage facility. But what exactly are those factors to look for or look at? Well, I’m going to share those factors with you on today’s podcast.
I’m going to share exactly what we look for, reasons you SHOULDN’T build, key factors that tell me when to buy and when to build, and more. It really comes down to 2 very important keys… that you’ll have to learn about in the podcast today.
Thanks for listening everybody,
AJ
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